tag:blogger.com,1999:blog-20743459.comments2016-12-09T04:44:02.652-05:00Atlantic Yards/Pacific Park ReportNorman Oderhttp://www.blogger.com/profile/07618087999719667586noreply@blogger.comBlogger2315125tag:blogger.com,1999:blog-20743459.post-10743690252794253122016-12-07T10:16:29.651-05:002016-12-07T10:16:29.651-05:00Remember when Gilmartin claimed that Forest City R...Remember when Gilmartin claimed that Forest City Ratner had &quot;cracked the code&quot; on large-scale modular construction?<br /><br />Turns out the code cracked them.Eric McClurehttp://www.blogger.com/profile/03076817365595659597noreply@blogger.comtag:blogger.com,1999:blog-20743459.post-34351873256148753662016-12-04T14:04:39.313-05:002016-12-04T14:04:39.313-05:00That corny picture has always cracked me up. The ...That corny picture has always cracked me up. The entire marketing behind all this stuff is beyond mockable. thanks for sharing this!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-20743459.post-91640767444913139712016-12-04T10:50:35.342-05:002016-12-04T10:50:35.342-05:00The current lease holder if that 86 acres land is ...The current lease holder if that 86 acres land is Gales with a 99 year lease. <br /><br />South Bronx Unite sued, in part, to stop the $150 million to freshdirect in subsidies to relocate there (and clear decks for further LIC hyperdevelopment) on the fact that there is no intertidal rail yard, and there never can be, since all the land is used by other as his polluting uses. That 99 year lease needs to be terminated. The State is losing hundreds of millions in revenues. And will no doubt be offering galesi more money as part of this phone rein. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-20743459.post-87858314713098178272016-12-04T05:31:22.257-05:002016-12-04T05:31:22.257-05:00&gt;&gt; &quot;If you understand development and h...&gt;&gt; &quot;If you understand development and how it does work,&quot; Gargano responded, &quot;we have a process in government, state government and I’m sure other government bodies have the same, whereby we put out, first of all, on any area we’re trying to develop, we put out what we call an RF--I, request for-- EI, expressions of interest. And the reason why we do that is we want to pick the brains of the private sector, and see what kind of ideas they have, and after all, they’re the ones with the resources who are going to build these projects, so we want their ideas. We put out this RFEI, that’s the initial—that’s the first part of the process, and it has worked very well for many, many decades.&quot; &lt;&lt;<br /><br />Battery Park City did not use this public-private process. It was developed by a public authority* that as of 2007 had paid more than $1.4 billion to New York City, and it was continuing to pay upwards of $200 million a year. Presumably, the total is now well over $2 billion, while the Post estimated around the same time that the city might have cost Forest City Ratner over $1 billion in subsidies and direct payments. Perhaps the Atlantic Yards report has more information about how much the development has cost the city.<br /><br />* From Wikipedia: Battery Park City is owned and managed by the Hugh L. Carey Battery Park City Authority (BPCA), a Class A public-benefit corporation created by New York State in 1868 to redevelop outmoded and deteriorated piers, a project that has involved reclaiming the land, replanning the area and facilitating new construction of a mixed commercial and residential community.[15] It has operated under the authority of the Urban Development Corporation.[16] Its mission is &quot;to plan, create, co-ordinate and maintain a balanced community of commercial, residential, retail, and park space within its designated 92-acre site on the lower west side of Manhattan&quot; in New York City.[17] The authority&#39;s board is composed of seven uncompensated members who are appointed by the governor and who serve six-year terms.[18] The BPCA is invested with substantial powers: it can acquire, hold and dispose of real property, enter into lease agreements, borrow money and issue debt, and manage the project.[19] Like other public benefit corporations, the BPCA is exempt from property taxes and has the ability to issue tax exempt bonds.[20]johnmassengalehttp://www.blogger.com/profile/10335032159609247389noreply@blogger.comtag:blogger.com,1999:blog-20743459.post-27664900085180416112016-12-01T12:36:33.797-05:002016-12-01T12:36:33.797-05:00I think another problem is that many New Yorkers s...I think another problem is that many New Yorkers simply don&#39;t trouble themselves to explore the facts re DeBlasio&#39;s vision for the city.<br />Right now, however, I believe that there are at least seven investigations into some of the aspects of his administration. Since Biharra<br />is staying on, these probably will continue. But the real issue is, can a strong enough progressive constituency find a candidate who<br />can defeat him. And can these community groups that feel deBlasio has not met their needs, stand together and find a candidate who does.Bobhttp://www.blogger.com/profile/14415543378194107418noreply@blogger.comtag:blogger.com,1999:blog-20743459.post-43995874764930518602016-12-01T11:54:46.425-05:002016-12-01T11:54:46.425-05:00Incumbents are tough to unseat w/o scandal or some...Incumbents are tough to unseat w/o scandal or something truly dramatic.Norman Oderhttp://www.blogger.com/profile/07618087999719667586noreply@blogger.comtag:blogger.com,1999:blog-20743459.post-56131327335164789012016-12-01T11:44:27.741-05:002016-12-01T11:44:27.741-05:00Norman, I belong to a few activist groups in Brook...Norman, I belong to a few activist groups in Brooklyn; they strongly feel that this administration is disinterested in the needs of low income<br />New Yorkers. I think this feeling is growing rapidly. Will it be enough to unseat DeBlasio and replace him with a more progressive Mayor? <br />Time will tell. Bobhttp://www.blogger.com/profile/14415543378194107418noreply@blogger.comtag:blogger.com,1999:blog-20743459.post-67110580266404260272016-11-30T09:51:41.630-05:002016-11-30T09:51:41.630-05:00Thanks for the coverage on 461 Dean. A ton of affo...Thanks for the coverage on 461 Dean. A ton of affordable housing lottery winners follow this blog and discuss it on city-data. We are all in waiting mode, no one has heard back on being approved for an apartment or have any idea of when we will be approved, let alone, a date to move in. Many of us had our lottery notices in July and intake interviews at the beginning of August. You can know for sure that NONE of the lottery apartments have been filled. We don&#39;t believe anyone lives in the building yet, market-rate or otherwise.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-20743459.post-54177071062776572162016-11-17T06:44:44.040-05:002016-11-17T06:44:44.040-05:00Fair enough, I was careless, that&#39;s fixed. The...Fair enough, I was careless, that&#39;s fixed. There *is* a hockey team called the Panthers, they just play in Florida. Norman Oderhttp://www.blogger.com/profile/07618087999719667586noreply@blogger.comtag:blogger.com,1999:blog-20743459.post-44529114450056952482016-11-17T04:55:46.265-05:002016-11-17T04:55:46.265-05:00I feel most knowledgeable sports fans would agree ...I feel most knowledgeable sports fans would agree the Carolina Panthers have many weaknesses. Unfortunately, knowledgeable sports fans know their stuff, making them less inclined to read anything with attendance comparisons between the NHL&#39;s Islanders &amp; the NFL&#39;s Carolina Panthers . (NHL = Carolina Hurricanes) Just a heads-up, they can be awfully blunt! =)Sunnyhttps://ncpsychology.orgnoreply@blogger.comtag:blogger.com,1999:blog-20743459.post-89004515857392674372016-11-14T16:33:32.808-05:002016-11-14T16:33:32.808-05:00terrible marketing to a Brooklyn fanbase...1) the ...terrible marketing to a Brooklyn fanbase...1) the players don&#39;t care about Brooklyn and prefer Long Island (their star, Tavares, had never heard of &quot;Brooklyn Hipsters&quot;); 2) the new owners are not committed to Brooklyn and are looking to move to Queens or back to Long Island. Pretty lame way to try and build a fanbase. Johnnyhttp://www.blogger.com/profile/06336618429632075486noreply@blogger.comtag:blogger.com,1999:blog-20743459.post-34483216061771089852016-10-17T03:46:37.677-04:002016-10-17T03:46:37.677-04:00Residents of an area shouldn&#39;t have their live...Residents of an area shouldn&#39;t have their lives disturbed just because someone thought they could earn more money by renting out space like that. Mark Randallhttp://www.carpetcleaninghoddesdon.com/car-valeting-essex.htmlnoreply@blogger.comtag:blogger.com,1999:blog-20743459.post-51619763773925627472016-10-06T15:01:31.514-04:002016-10-06T15:01:31.514-04:00Great post, you clearly read the the whole paper t...Great post, you clearly read the the whole paper thoroughly. To address just a few of your quibbles: We use $564 million for Barclays because that is $511 million 2009 dollars adjusted to 2014 dollars. Remember everything is adjusted to 2014 dollars. The official statement for the Barclays bonds can be found here: http://emma.msrb.org/SecurityView/SecurityDetails.aspx?cusip=A4F627B4594C1054F2E1CD71789D7AB46. We use the interest rate spread between Moody&#39;s Aa-rated corporate and municipal bonds (which in 2009, the year of issuance, was 1.24 percentage points), and compute the present value of the subsidy for each bond listed in the official statement using equation 2 in our paper (and a discount rate of 3%). Austin Drukkernoreply@blogger.comtag:blogger.com,1999:blog-20743459.post-59778568508419045912016-09-21T09:19:44.140-04:002016-09-21T09:19:44.140-04:00One of the important ideas behind IDNYC is to make...One of the important ideas behind IDNYC is to make it useful for both people without documentation and citizens with full documentation. I will certainly object to the faults of Barclays Center, but I&#39;m glad that they are making IDNYC attractive to all New Yorkers, regardless of residence status. raulistichttp://www.blogger.com/profile/17683032122056788279noreply@blogger.comtag:blogger.com,1999:blog-20743459.post-2319271082091194812016-08-10T21:34:43.439-04:002016-08-10T21:34:43.439-04:00amazingamazingAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-20743459.post-55728224726593841712016-08-01T11:08:03.617-04:002016-08-01T11:08:03.617-04:00Good article, very true. Frightening to think of t...Good article, very true. Frightening to think of the chaos and risks to city dwellers had the convention come to NY. Bobhttp://www.blogger.com/profile/14415543378194107418noreply@blogger.comtag:blogger.com,1999:blog-20743459.post-25533096277456271782016-07-26T22:59:19.807-04:002016-07-26T22:59:19.807-04:00Did they even think of people whose views of all M...Did they even think of people whose views of all Manhattan north of Midtown will be blocked by these buildings?Anonymoushttp://www.blogger.com/profile/01609818583812758699noreply@blogger.comtag:blogger.com,1999:blog-20743459.post-2981291006862816362016-07-20T08:06:28.189-04:002016-07-20T08:06:28.189-04:00Viverito likely was a ticket to a fundraising part...Viverito likely was a ticket to a fundraising party. Good question as to what she&#39;s running for...<br />Norman Oderhttp://www.blogger.com/profile/07618087999719667586noreply@blogger.comtag:blogger.com,1999:blog-20743459.post-5084766579576211182016-07-20T08:04:20.295-04:002016-07-20T08:04:20.295-04:00Always good work. The Viverito donation is seemin...Always good work. The Viverito donation is seemingly low, because of caps on donations and she has been coy on what office she is raising money for. None really, now looking for the next job so she is doing the bidding of the developers, the Mayor and the EDC. <br />$250 for City Council campaigns is the cap, and yet she is term limited, so that is an interesting legal question. Can you rase money for an office you cannot run for and not declare what other office you are running for? Or just squire away the chest of $?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-20743459.post-83533145846805939182016-06-22T10:05:20.342-04:002016-06-22T10:05:20.342-04:00This is what happens when public oversight over a ...This is what happens when public oversight over a project as complicated as Atlantic Yards/Pacific Park is neutralized. The timing of the school location-vetting process was almost certainly the developer&#39;s to choose. Instead of trying to time the school to the point the school would be needed as a mitigation for elementary students -- the opening of the first residential building in the project -- it appears to have been delayed so that the school could be put in the developer&#39;s desired location. <br /><br />461 Dean is going to be the first residential building opened in the project. 550 Vanderbilt will be the second. 461 Dean&#39;s location isn&#39;t great for a school, plus there is the complication the building is modular. But 550 Vanderbilt would have been a good location, I think, and unlike 461 Dean, it was started after the public disclosure in the 2014 SEIS that any elementary students it contributes would cause an adverse impact. <br /><br />In other words, I appreciate the point of this article, but it wasn&#39;t just B13 the developer was skipping over. It was also 550 Vanderbilt. <br /><br />Peter Krasheshttp://www.blogger.com/profile/10495722336479827614noreply@blogger.comtag:blogger.com,1999:blog-20743459.post-35452847856479964692016-06-22T07:38:58.356-04:002016-06-22T07:38:58.356-04:00Thank you for this informationThank you for this informationAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-20743459.post-33904074410730521282016-06-03T23:09:37.779-04:002016-06-03T23:09:37.779-04:00This is an on going problem with oversight of boar...This is an on going problem with oversight of boards run by ALL the authorities. As Battery Park Authority has their ongoing problems with no local residents on their board, the same issues will happen with Atlantic Yards where the public&#39;s opinions and observations are ignored. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-20743459.post-36813151699130158932016-06-02T16:10:20.093-04:002016-06-02T16:10:20.093-04:00I might be, tho let&#39;s see if windows still ope...I might be, tho let&#39;s see if windows still open during rain.Norman Oderhttp://www.blogger.com/profile/07618087999719667586noreply@blogger.comtag:blogger.com,1999:blog-20743459.post-73235815781132038622016-06-02T14:06:05.794-04:002016-06-02T14:06:05.794-04:00Why would you suggest that operable windows are a ...Why would you suggest that operable windows are a &quot;bug and not a feature?&quot; It&#39;s 80+ degrees outside, workers now, and residents later, likely want some fresh air. Seems to me that this is intentional. You might be over-reaching on this one.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-20743459.post-9257711624509243682016-05-06T19:12:38.504-04:002016-05-06T19:12:38.504-04:00When I think about Jane Jacob&#39;s Greenwich Vill...When I think about Jane Jacob&#39;s Greenwich Village neighborhood, I think Rent Regulations. Without Rent Control/Rent Stabilization, there is only transience, not neighborhood. Hurray for Jane, but hurray more for the rent laws that keep NYC affordable and intact. May they be expanded.George L.http://www.blogger.com/profile/14827592989579312453noreply@blogger.com